LRAD Corp. Wins $1.5m Navy Deal

(Press Release)
Wednesday, August 24, 2011

LRAD Corporation (NASDAQ: LRAD) announced a $1.5m  in new LRAD orders from the U.S. Navy. The orders, which consist primarily of LRAD 1000X systems and support equipment, are scheduled to ship this quarter. “This is the latest in a series of LRAD orders we’ve received from the U.S. Navy since 2003,” said Tom Brown, president and CEO of LRAD Corporation. “LRAD systems are deployed by naval forces around the world to hail, warn, notify and communicate over long distances, giving naval personnel time and distance to determine the intent of potential threats not responding to radio calls and creating standoff zones around their vessels.”

Categories: Contracts Maritime Security

Related Stories

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Freeport CEO Says Iran War Could Delay New US LNG Projects

CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion

Current News

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Hapag-Lloyd Incurs Significant Weekly Costs Due to Ongoing Middle East Conflict

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Legal Action Taken Following Spiridon II Livestock Deaths

Subscribe for Maritime Logistics Professional E‑News